The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)

ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2

continued...

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

BALANCE SHEET - continued

31 DECEMBER 2017

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 February 2018and were signed on its behalf by:

A M Jackson- Director

The notes form part of these financial statements

Page 3

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

1.

STATUTORY INFORMATION

C-Ways Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.

ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has adopted FRS 102 1A for small entities in these financial statements, however, due to the nature

of the company's trade, assets and liabilities, there are no transitional adjustments.

Turnover

The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax,

of sales made during the year. Sales are recognised in the profit and loss account in the period in which the

related work is carried out and is derived from IT services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the lease term

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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continued...

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

2.

ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27(2016 - 27) .

4.

INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 31 December 2017

13,000

AMORTISATION

At 1 December 2016

and 31 December 2017

13,000

NET BOOK VALUE

At 31 December 2017

-

At 30 November 2016

-

5.

TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2016

5,405

119,829

125,234

Additions

-

2,651

2,651

At 31 December 2017

5,405

122,480

127,885

DEPRECIATION

At 1 December 2016

4,093

85,829

89,922

Charge for period

-

16,334

16,334

At 31 December 2017

4,093

102,163

106,256

NET BOOK VALUE

At 31 December 2017

1,312

20,317

21,629

At 30 November 2016

1,312

34,000

35,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.11.16

£

£

Trade debtors

245,119

485,406

Other debtors

51,891

556,470

297,010

1,041,876

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continued...

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

7.

CURRENT ASSET INVESTMENTS

31.12.17

30.11.16

£

£

Listed investments

27,100

25,300

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

30.11.16

£

£

Payments on account

365,628

320,885

Trade creditors

61,338

259,090

Taxation and social security

125,000

140,437

Other creditors

5,701

491,995

557,667

1,212,407

9.

CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

30.11.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

ULTIMATE CONTROLLING PARTY

The company is under the control of N S Jackson and A M Jackson.

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